Yes, after you junk your car, you will want to notify the DMV, cancel the insurance, and keep a copy of the receipt. These steps will protect you from liability if anything happens to the vehicle after it's gone.
Post sale checklist:
- Submit a release of liability or notice of sale to the DMV
- Return license plates
- Cancel insurance
- Keep any receipts for your refunds
- Remove any toll accounts
Notifying the DMV is most important, so you're not liable for any issues. Sometimes this can also be done online.
Insurance companies will issue a refund for any unused premiums, so make sure you call them the same day your vehicle is no longer yours.
Learn more about when to cancel insurance on a junk car.
